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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)
Well, I do use trailing dd but I thought it was like TST where it is computed based on EOD equity. But being counted from intraday highs do make big difference, depending on strategy.
Thus if you go for homeruns, you have nothing to lose if you set your SL to BE or trail to +10 (10 ticks profit) after it hits for example 40++ ticks green. It would still show you in profit if you got kicked out +10 tick profit per lot for example if drawdown was based on EOD equity. On the other hand if it is based on intraday high (like OneUp), you could still have 'hit daily loss limit' despite booking 10 ticks per lot profit (like the other guy who posted in thread earlier shared) since they count how much potential profit was left on the table (which is not really a drawdown,since equity balance still higher than start of day after the trail kicked in).
Just thinking about it. And yes, this is something people need to get used to
ps: I do remember reading about funded guy who was not aware of this calculation (he thought it was based on EOD equity) until it kicked in during his live account. he said he was struck off tho he was in 'profit' after his trail triggered on his multi lots. they let him withdraw profit though.
Can you help answer these questions from other members on NexusFi?
Edit: @dyst the trick is to build enough cuision first. Then you can think about home run and set your stop to be after. This way dd isn’t a problem anymore. Yes there will be “what if” but that’s the traders job to work it around the rules to make it to work if they want to go to this vanue (either tst or 1up)
Thanks for the feedback. And yes, that is why I was busy researching the pitfalls (so I dont repeat the same mistake others did. some did not follow the scaling plan btw. claimed they forgot lol).
I do notice most of those who claim to remain funded at least 6 months, did what you suggested. Plus they tend to be at least on the $150k or more accounts, trading only 1-2 lots with the $5k buffer before trying homerun. They say this gives them leeway even during those 'bad streaks' which will always happen, and everyone should be prepared too
ps: thanks for the advice. really appreciate it. I have other things going on at the moment, but if I do take the paid trial, I will definitely update
I am a (new) funded trader with MES Capital and I can not trade since I receive following "errors" as soon as I want to place a trade. Of course I am using the right account (NT7).
Rithmic is a very crappy, terrible data feed provider. In April I had a few d/c... Fine. But in May, I have very frequent d/c especially in the past 2 weeks! It is so bad you cannot log in for 30 mins or more... and guess what happened to the trades? Boom. You need to be online (unfortunately) for the brackets to apply if you set orders via Sierra/Ninja... So the trade was triggered without the accompanying TP/SL and when you finally get back on you see those orphan trades triggered with huge floating loss you are forced to liquidate.
I also encountered bug when placing stop orders with bracket orders on Rithmic trader... (the free version). It says 0 positions yet your PnL keeps moving up and down. No way to close it manually since it does not even appear under 'open' position. Only thing you can do is hit the "close" or "flat" button on your platform like Ninja... It is some kind of glitch/bug
Reported those problems to them. Ok and I also noticed many other users taking the evaluation facing issues with Rithmic recently...
So I contacted live help, and they reset my account (and all other affected users) as a gesture of goodwill. Nice since the losses from the glitch/frequent dc wont be counted against you. Yet you lose the trading days.
So now I have to trade a fresh set of 15 days (today counts as day 1 again). Thing is, my billing cycle falls on 29 or 30th May. This means I only have 2-3 days to trade, no way to hit 15 days, and will have to renew for June.
Let's see.
Ps: I do not think this is OneUP fault. I remember same thing happened with TST back in 2015 when I was doing combine. TST called me up and wrote email to apologise, and even made the adjustments. Just FYI. The problems seems to be Rithmic server which is why I suggested they look for alternative data provider.
I want to know the specifics on consistent trading. I read somethingbto that nature. If they have a requirement of trading 5 days a week, that can be huge for many. Vs trading 2 x a week.
In order to allow a true chance for success and be guaranteed placement with a funding partner and more importantly to secure the longevity of your trading account, traders must demonstrate the ability to execute trades consistently.
Traders must have any 3 trading days' net profits total summed up to equal 80% of the largest day net profit.
Consistency Example:
BEST TRADING DAY: $1,000 (net after commissions)
80% of Largest trading day = $800 (Total Sum of your 3 best trading days must be greater than this value)
SUM / TOTAL OF 3 OTHER BEST TRADING DAYS
2nd Best Trading Day: $400 (net after commissions)
3rd Best Trading Day: $240 (net after commissions)
4th Best Trading Day: $300 (net after commissions)
